A “multi-billion dollar real estate empire” has rented out unsafe and uninhabitable units, exploiting California’s lack of affordable homes and violating tenant protections, according to California Attorney General Rob Bonta.  Bonta also alleges the companies discriminated against Section 8 tenants and engaged in deceptive leasing practices and unlawful rent increases,

A new affordable housing building could be coming to Del Rey, taking the place of a site with five apartments across two one-story buildings.  Property owners Mike and Denise Stern have filed an application with the Los Angeles Department of City Planning to demolish two small residential buildings at 11907

BH Properties is expanding its area of expertise beyond market-rate developments across the country.  The Los Angeles-based developer is launching Haven Housing, a standalone multifamily investment platform that will acquire and operate older income-restricted apartment buildings and workforce housing communities, CoStar reported. BH is known for owning, operating and repositioning

U.S. Immigration and Customs Enforcement raids in Southern California have placed a major question mark on the state’s homebuilding industry already facing labor shortages.  Jim Tobin, CEO of the National Association of Home Builders, said homebuilders are in a holding pattern as the raids across Greater Los Angeles continue, the

Hilton & Hyland’s office space in Beverly Hills’ Golden Triangle is available for lease, The Real Deal has learned. The availability of the 18,000 square feet comprising the second floor of the Standard Oil Building at 257 North Canon Drive is where Hilton & Hyland called home for the past

A former auto repair shop in Gardena is set to be transformed into a new single-room occupancy apartment building.  West Realty Group affiliate Cocoon is moving forward with plans to build a four-story building at 13126 South Western Avenue with 121 apartments and parking for 120 vehicles, Urbanize Los Angeles

Los Angeles spec developer Guy Grimberg knows his views. “I’ve been building for 25 years. This particular property, the view, the angle is unlike anything else,” Grimberg said of his recently completed 766 Paseo Miramar in the Pacific Palisades. The hillside property, which is owned and developed by Grimberg’s GME

Away from the charred rubble of the Palisades fire sits an intact midcentury mansion — and it could be yours for just under $25 million.  A five-bedroom, seven-bathroom mansion at 900 Napoli Drive just went on the market, Robb Report reported. The home was originally designed by architect Paul Wuesthoff

Amid Tesla’s crashing stock prices, an Irvine building occupied by a Tesla Collision Center just sold for $21 million.  Costa Mesa-based Steiner Investments bought the 35,616-square-foot building at 18011 Mitchell South from Los Angeles-based developer and investment firm North Palisade Partners, the Orange County Business Journal reported. The deal works

Los Angeles’ boutique brokerage landscape has a new entrant in former “Buying Beverly Hills” cast members Jon Grauman and Adam Rosenfeld’s new brokerage, Resident. The duo, along with Grauman’s wife and now Resident CEO Lauren Grauman, left The Agency to launch the brokerage on Monday, backed by real estate platform